Setanta Sports News will cease broadcasting at 6pm, it has been confirmed.

The channel, which is produced by ITN, was a joint venture between Setanta Sports and Virgin Media.

56 editorial and production jobs jobs were created at ITN's Gray's Inn Road headquarters when the channel launched in 2007. Setanta and Virgin Media started the joint venture to fill the gap in Virgin Media's channel lineup left by the departure of Sky Sports News in the now-resolved Sky Basics dispute.

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200 jobs have been lost across Setanta's British operations as a result of today's collapse.